The area of $0.1310–$0.1315 is now a resistance zone, with an additional possible drop if the volume stays high during the downturns.
Dogecoin fell 5% after the Federal Reserve's rate cut, as traders reacted to the cautious guidance and internal discrepancies over future easing.
The memecoin broke below the support level of $0.1310, confirming a bearish shift with an increase in trading volume.
The area of $0.1310–$0.1315 is now a resistance zone, with a greater decline likely if the volume remains high during the downturns.
Dogecoin lost a key technical level following the latest Federal Reserve rate decision, with high volume confirming a short-term shift towards bearish control.
Meme coins performed poorly during the widespread correction, with DOGE facing disproportionate pressure as traders reduced exposure following recent consolidation near resistance. The movement seemed to be driven more by positioning and macroeconomic sentiment than by specific token fundamentals.
What traders need to know
The zone of $0.1310–$0.1315 now acts as immediate resistance. As long as DOGE remains below this area, bullish moves will be corrective rather than confirming the trend.
On the downside, $0.1290 is the first level to watch. A sustained break below this level would likely reopen the support area at $0.1266. Conversely, staying above $0.1290 could allow DOGE to consolidate before the next directional move.
Volume behavior remains key. High and sustained volume on downward moves would confirm additional distribution, while decreasing volume near support would suggest that selling pressure is beginning to wane.
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